• TEXT= DATE: 20.06.2025 TransferMole  |  IDO  | Blockchain Service
  • TIMER= 20.06.2025
  • BUTTON= DISCOVER MORE
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

MORE FROM SPONSORED

LIVE Web3 News

 

ARTICLE INFORMATION

House Agriculture Committee votes crypto

House Agriculture Committee votes crypto bill forward amid SEC-CFTC oversight clash

https://icn.live/wp-content/uploads/2025/06/House-Agr.mp3
  • by ICN.live
Amira Khalil

House Agriculture Committee votes crypto regulation forward, setting the stage for wider debate in Congress.

The committee passed the Digital Asset Market Clarity Act, or Clarity Act, with a 47 to 6 vote. This bill aims to establish a regulatory framework for crypto, clarifying how the SEC and CFTC should share oversight. The bill’s progress follows rising political tension, especially surrounding former President Trump’s crypto involvement.

The House Financial Services Committee is next in line. If both committees approve their sections, a unified bill heads to the full House. The Clarity Act would require crypto firms to disclose operations and segregate customer assets from company funds.

Another key element is shielding non-custodial platforms and developers from being labeled unlicensed money transmitters. This protects innovation while keeping oversight on central exchanges and custodians. Some Democrats remain skeptical due to unclear input from the SEC and political ties to Trump’s memecoin and dinner for token holders.

Crypto clarity advances despite political noise

Top Democrat Maxine Waters criticized the SEC for not briefing her party equally. Some Republicans say Democrats are politicizing Trump’s crypto ties, while others point to legitimate resource issues. The CFTC, central to the bill, has under 1,000 employees — far fewer than the SEC’s 4,000.

Earlier this year, the SEC lost 600 staff members. Lawmakers warn that even with a strong framework, enforcement requires people and funding. Rep. Andrea Salinas called the bill “far from perfect” but a step forward in preventing another FTX-style collapse. She emphasized the need for both agencies to be better resourced to handle oversight effectively.

ANOTHER MUST-WATCH ON ICN.LIVE:

House Agriculture Committee votes crypto bill into the spotlight

The Clarity Act’s passage marks a rare bipartisan crypto win in Washington. Yet the road to full approval is steep. Internal agency disagreements, political narratives, and lobbying from both crypto firms and regulators could stall progress.

Still, crypto advocates are optimistic. Clarity on SEC and CFTC roles could give the U.S. an edge in blockchain development. Clearer rules may also bring institutional investors and mainstream players off the sidelines.

The crypto world now watches the House Financial Services Committee closely. A second win there would make history — the first time such comprehensive crypto regulation moves to the House floor.

SHARE

What is the Clarity Act and why does it matter?

The Digital Asset Market Clarity Act, nicknamed the Clarity Act, aims to define the roles of the SEC and CFTC in crypto regulation. This bipartisan bill establishes a framework for how digital assets are overseen, particularly around investor protections, exchange operations, and financial disclosures. With crypto often existing in regulatory gray areas, this act is seen as a major step toward establishing clear rules for U.S. markets. It also addresses how non-custodial platforms and blockchain developers are treated under financial law. If passed, it could bring more transparency, investor confidence, and regulatory predictability to the space.

What does the House Agriculture Committee have to do with crypto?

While it might seem odd, the House Agriculture Committee oversees the Commodity Futures Trading Commission (CFTC), one of the key regulators in crypto markets. Since many digital assets are considered commodities rather than securities, the committee plays a central role in shaping crypto policy. By voting 47 to 6 to advance the Clarity Act, the committee is helping define the CFTC’s jurisdiction over digital assets. This decision could shift power away from the SEC, which many in the crypto industry feel has been overly aggressive or unclear in its enforcement.

How does Trump’s involvement affect the crypto bill?

Former President Trump has recently become active in the crypto world — launching a memecoin, backing a stablecoin firm, and hosting crypto-themed dinners. These actions have caused concern among some Democrats, who see them as politically motivated or risky. Trump’s influence adds complexity to the legislative process, with some lawmakers fearing the bill could become tied to his agenda. Others, particularly Republicans, view Democratic concern as politically driven. Regardless, Trump’s crypto involvement has made passing neutral, bipartisan legislation more complicated in an already divided Congress.

What are the biggest concerns lawmakers have about the Clarity Act?

Lawmakers across both parties agree on the need for crypto regulation but remain divided on execution. Key concerns include whether agencies like the SEC and CFTC have the resources to enforce new rules. The SEC recently lost hundreds of staff, and the CFTC has fewer than 1,000 employees — a fraction of what’s likely needed. Lawmakers also worry about clarity and fairness in how the bill was developed. Some Democrats say they weren’t adequately briefed or given technical support. Others want more consumer protection details before giving full approval. Still, most agree that regulatory clarity is overdue.

FEATURED

EVENTS

Days
Hr
Min
Sec
 

ICN TALKS EPISODES